Health, Safety & Environment
Mainstream is committed to ensuring compliance with relevant health, safety and environmental legislation as a minimum hurdle in meeting our obligations to our stakeholders. The Board is accountable for the development, establishment and review of appropriate policy in these areas. Best practice is targeted through appropriate management objectives and structures.
As set out in our Work, Health and Safety Policy, Mainstream aims for no injuries or incidents and is committed to providing a healthy and safe workplace. This commitment extends to the delivery of a healthy and safe product to all Mainstream customers.
As set out in its Environmental Policy, Mainstream is committed to protecting community living standards and the environmental heritage of future generations. As a responsible corporate member of the community, Mainstream seeks to conduct profitable business with a commitment to protecting the environment. We seek to prevent pollution and minimise the impact of our operations.
The remuneration of Non-Executive Directors is designed to attract and retain suitable Directors and is determined:
- Within an aggregate pool limit approved by shareholders.
- In accordance with competitive pressures in the marketplace.
The Board aims to reward the Managing Director with a level and mix of remuneration commensurate with their position and responsibilities within the Company to:
- Recognise them for business unit and individual performance against targets set by reference to appropriate benchmarks and key performance indicators.
- Align their interests with those of shareholders.
- Link their reward with the strategic goals and performance of the company.
- Ensure their total remuneration is competitive by market standards.
Role of Shareholders
The shareholders of Mainstream Aquaculture play a significant role in corporate governance. Mainstream’s constitution bestows formal responsibility for voting at Annual General Meetings and in alternative forums, voting on Board proposals that, in accordance with the constitution, require shareholder ratification.
Role of the Board
The Mainstream Board is accountable to shareholders of the business. The board has responsibility for the strategic framework that gives Mainstream the highest probability of long term success.
The Board Charter provides scope to the Board’s role and operations. In essence, the Board:
- Sets the direction, policies, strategies and financial objectives for Mainstream and monitors their implementation.
- Appoints and reviews the performance of the Managing Director & Chief Executive Officer.
- Ensures that appropriate policies and procedures for the management of business and financial risks are in place.
- Monitors the efficacy of internal controls, performance benchmarks and compliance procedures.
- Has a fiduciary responsibility to act with integrity and objectivity.